§ 202. Insurance.

A.

As required in Section 200(D)(4), the owner shall procure and keep in full force and effect at all times during the registration term, commercial general liability insurance coverage (including, but not limited to, premises/operations and personal injury) or like coverage, protecting the City of Tulsa against any and all claims for damages to persons or property as a result of, or arising out of, the registrant's operation, maintenance, or use of the vacant building, with minimum combined bodily injury (including death) and property damage limits of not less than Three Hundred Thousand Dollars ($300,000.00).

B.

The insurance policy must be written by an insurance company authorized to do business in Oklahoma, acceptable to the City and issued in a standard form approved by the Oklahoma Department of Insurance. All provisions of the policy must be acceptable to the City and must name the City and its officers and employees as additional insureds and provide for thirty (30) days' prior written notice to the City of cancellation, non-renewal, or material change to the insurance policy.

C.

An owner shall provide to the Working in Neighborhoods Department an updated certificate of insurance for the neglected vacant building or structure every six (6) months that the building is required to be registered under this title.

(Ord. No. 22269, § 1, 7-15-2010)